Recent Trends in Homeownership (ICPSR 1338)

Published: Nov 30, 2006

Principal Investigator(s):
Carlos Garriga, Florida State University; William T. Gavin, Federal Reserve Bank of St. Louis; Don Schlagenhauf, Florida State University

https://doi.org/10.3886/ICPSR01338.v1

Version V1

The homeownership rate began to trend upward in 1995 after years of being relatively constant, near 64 percent. This article describes recent changes in the share of United States housing that is owner-occupied and explores the reasons for the surprising rise over the past decade. Explanations that have been offered include demographics, low mortgage rates, changes in housing policy, and innovations in the mortgage financial market. Of all these explanations, the most plausible one is that innovations in the financial markets increased access to mortgage finance, mainly by reducing downpayment constraints and allowing younger people to buy homes.

Garriga, Carlos, Gavin, William T., and Schlagenhauf, Don. Recent Trends in Homeownership. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2006-11-30. https://doi.org/10.3886/ICPSR01338.v1

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Federal Reserve Bank of St. Louis. Research Division

(1) The file submitted is the data file 0609wgd.xls. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.

2006-11-30

2006-11-30

Notes

  • These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

  • The public-use data files in this collection are available for access by the general public. Access does not require affiliation with an ICPSR member institution.

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